SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Granger Management LLC

CIK 0001842881 · 510 MADISON AVENUE, SUITE 2700, NEW YORK, NY, 10022 · 9144716204

Reported Value
$229M
Q4 2022
Positions
23
Filings on Record
23
2019–present window
Filed
Feb 10, 2023
original filing

Summary

Granger Management LLC reported $229M in U.S.-listed holdings across 23 positions for Q4 2022.

The portfolio is heavily concentrated: ACWI alone accounts for 31.7% of reported value.

Compared with Q3 2022, the fund opened 0 new positions and exited 4.

Portfolio Metrics

Turnover
+23.8%
vs prior filed quarter
Top-10 Concentration
+97.0%
share of reported value
Largest Position
+31.7%
Ishares Tr

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’20: $794MQ4 ’20Q1 ’21: $648MQ2 ’21: $494MQ3 ’21: $575MQ3 ’21Q4 ’21: $609MQ1 ’22: $380MQ2 ’22: $296MQ2 ’22Q3 ’22: $324MQ4 ’22: $229MQ1 ’23: $227MQ1 ’23Q2 ’23: $243MQ3 ’23: $237MQ4 ’23: $274MQ4 ’23Q1 ’24: $501MQ2 ’24: $600MQ3 ’24: $508MQ3 ’24Q4 ’24: $440MQ1 ’25: $277MQ2 ’25: $268MQ2 ’25Q3 ’25: $343MQ4 ’25: $378MQ1 ’26: $358MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 88.3%Common Stock: 11.1%REIT: 0.6%
  • ETP · 88.3% · $202M
  • Common Stock · 11.1% · $25M
  • REIT · 0.6% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ACWIISHARES TRADDED+470.8K856.9K+$43M$73M
DISDISNEY WALT COSOLD OUT−6.3K0−$599,000$0
TSLATESLA INCSOLD OUT−2.2K0−$579,000$0
SELECT SECTOR SPDR TRSOLD OUT−1.9K0−$227,000$0
BXBLACKSTONE INCSOLD OUT−2.7K0−$222,000$0
ISHARES TRTRIMMED−1.52M222.7K−$146M$22M
AAPLAPPLE INCTRIMMED−13.6K21.7K−$2M$3M
MSFTMICROSOFT CORPTRIMMED−4.5K7.5K−$987,382$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2022

18 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ACWIISHARES TRMSCI ACWI ETF · RUS 1000 VAL ETF · CORE US AGGBD ET · S&P 500 VAL ETF58.40%$134M1.34M
2SPDR S&P 500 ETF TRTR UNIT25.99%$60M155.4K
3AMZNAMAZON COM INChistory →COM3.95%$9M107.5K
4DKNGDRAFTKINGS INC NEWhistory →COM CL A3.74%$9M753.3K
5NDQINVESCO QQQ TRhistory →UNIT SER 12.51%$6M21.6K
6AAPLAPPLE INChistory →COM1.23%$3M21.7K
7MSFTMICROSOFT CORPCOM0.78%$2M7.5K
8XLESELECT SECTOR SPDR TRENERGY · FINANCIAL0.68%$2M25.9K
9SPGSIMON PPTY GROUP INC NEWCOM0.59%$1M11.5K
10GOOGALPHABET INCCAP STK CL C · CAP STK CL A0.59%$1M15.2K
11FIRST TR EXCHANGE TRADED FDWTR ETF0.37%$848,43810.7K
12DYHTARGET CORPCOM0.20%$450,8463.0K
13VUGVANGUARD INDEX FDSGROWTH ETF0.20%$448,9052.1K
14BACBANK AMERICA CORPCOM0.17%$389,98811.8K
15SPDR SER TRS&P BK ETF0.16%$374,8808.3K
16DWDMORGAN STANLEYCOM NEW0.16%$364,9064.3K
17SNOWSNOWFLAKE INCCL A0.14%$328,9942.3K
18GSGOLDMAN SACHS GROUP INCCOM0.14%$313,163912

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$358M6May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$378M6Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$343M6Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$268M6Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$277M5May 2, 202513F-HRchanges · EDGAR ↗
Q4 2024$440M7Jan 17, 202513F-HRchanges · EDGAR ↗
Q3 2024$508M22Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$600M23Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$501M21May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$274M27Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$237M22Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$243M23Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$227M24May 2, 202313F-HRchanges · EDGAR ↗
Q4 2022$229M23Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$324M27Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$296M29Aug 1, 202213F-HRchanges · EDGAR ↗
Q1 2022$380M30Apr 28, 202213F-HRchanges · EDGAR ↗
Q4 2021$609M31Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$575M32Nov 5, 202113F-HRchanges · EDGAR ↗
Q2 2021$494M33Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$648M33Apr 30, 202113F-HRchanges · EDGAR ↗
Q4 2020$794M39Feb 8, 202113F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.